HomeMy WebLinkAbout0596 OISCLOSUR6 N0~'E FOR INSTALLMENT lOAN3 -
_ . - NAM - - 161 1lrerrniuwn fpr Gedit . '
; ~ •r., Life/Dkebitity Int. s • 'r'
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NOTE NQ r pATBO: ~ - - - ~ - • - ~ ~
• `~•J~ 6 - l41 Anqunt`FinNsced ' . - .t
PLACE: , Fee - I . ' r` .
For Wlw -received; tM ttrsdersipsed fiyreinafta talked "Maker"f jointly and Nverl+llt/ (if lKl ~
moce than oral firolttiei to pay to tM_ Order of tM Bank, at its office listed above, Me Total _
of Payessehti'Ifrpris IMl at riEht(,oi ~_i~:~ , Dowers paysbN in IU = J..
- (tiAl ~PINiINCE• CHARGE-, '
wwlnioottip?-i~q~MMtpta,M i ~ ,the tenet - ~1ft: I:.i,•K: u- ~ t ,
rnitaNrlN~i{1dy~.IQlt• - ,.18..~, dn+d subeegwnc instalments dw on IN1 Tool of PlsymNtts tQ + M) t . `,it
the..,~,~~~-a~rrtonth•tMreefter, together with a FINAL BALLOON PAYMENT OF: ANNUL t~ERC~NTAGE RATE %
s . • our _ , ~ ~ ~ , is
app t.
y days in - `fit t 91~i o~pa~y ~t in defsu~h.' event thpatYtrtM~twhir
~becorne ~ti~.ltf~hi in default,,fgrio~ir? , t -~.4
,tij~e _ ~1 piyirtents, then
_ I~jel'fate allowed' ursder tMlrelli?r~Aft:DMeiseitts: 1 be ereditel~ fi ao. t0
pre alehwver, in~tb event of default. j3arsk maar, in-iq sole discretion; •afAMY any peynw+st to. teatt, print 1 ~i~d~or (chirg~g 3hin~tequid.' `
his n ;the J~tr~to that-tM provisions heroin shall not provide directly or indiMitN'fdi tM psyFof a eras {ate of interest a the
i. ntelr'of ' is Mowed by lase, if, for any rNSOn, interact in expss of sut9s krlM rrlleor s dlieAr'prohibited b1? law shall af.atty~time be
paid, arty etre1r00~ etfhe. comtitub creel be treated as a payment on the principal or be refunded dnieotly to the Maker: The Maker may prepay the en-
tire. Hof the at any time. If tM titan is pwpaid in full, aaelerated or mf"msnpd, the' Maker ihsll recsive~ refund of the unearned portion of
the i~~Q urns computed by the Rule of 78's method, except that tM Bank shall ~wtritlld tp - 'rt minimum interest ritaryed=1600. b
Y CRf:D17 Lf~ ~ T LIFE 3 DISABILITY INSURANCE ARE VOLUNTARY ANO PIO~~[~~~~~~1~1~~REOIT. Suds insurance ooverape is ,
evailabfe aif~e' _ below for tM term of tM credit: (a) i oi~ for Credit Life Insurance (b1 t _ e~ j~R,' _
f01 ~%fe IlWrant'.e: - . ~..r ^ h4-~ -
Check Cndit.~ InKytatsoe ie deeigd bn the life Of •r •..t,rs~; neat' .e~ r ; : -
Birthd,~-
Appl. ?Credit LibB Disability 1 - f~ e-..a~~~ x,._;. - 'r
Box • Credit Life end/or - .
,
Date: 2=5 $0 ~ tureE! ~ ~
Signature s-r~~'S
AFTERACOIRREDMIOrERTYfNIllOESYNECTTOTME E RITYtfiTER OOTyERORFYTYREINOElTEONES=MtECUREODYAMYtUCNMO)'E11T1I,AiFOLt01K:.
seSui tY, property, dpcriped in tM
Maker hereby grants io Bank a r interest in the 'spaces btiiiosu and M alt~tha+~pnrsperty of Maker tsow or ihreafter in
Bank"s.possaisiofl, and wch !<iCUrit11 intereft-shall also Mcure elf other liabilities of 'Maker io Bank, whether primary, seccnxlary, direct or contingent, present
or future. Tt1R'atiOrptid aeCUrity interest eitdunfes tM Makers ptirt?ary residence unlace said primary residence is described below.
ILI~N~ ~ ~G ~Lf~i ~t~f .lirtia )MM~ ~ ~ ~ ;~i
?asaRi SAt
- - -
If the Bsnk nqujres thq,JMaker to choir irtsu.- fx~erege agrtirs~t loss or ta.tlte golEatefal sewrirtg the; ktir~s irtdebtrdrsas{ tO.the Bank tlse Metier
!?uN_r obtaftY>suds, ape f snylapartt bto'tceiinsuior•' tabteRa tl?e.Ba ; - ~ s ~ - / • i--' ~ % Y s c ts? . - ' : ~ . . ,
It is ja''~tly-indeo~~lril~covenan(ed abd agreed with~tli8 Bank by iictt~-Maker. endorser; iurett;-~antOr, and other parlY to'4hrs•t'ote `all of whor~an r
hereinafter for brMty nlNd Oblgor or Obligors) thatr
Bank shell exercise reasonable are in the custody and preservation. of the Collateral and shall be deemed to have exercised reasonable pre if it takes such ±
action for that purpose ss Maker shall reasonably request in writing, but ra omission to cornpiY wiM any request of Maker shall of itself be deemed a failure co -
ezercise reasonable pre. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, pile. txsnver-
sion, exchanges, oNers, tenders or similar mattJrs relating to any of the Coltataal, nor for informing the undersigrwd with respect to any thereof. Bank shall not
be bound to take any steps stapwsry to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Bank
or its rarrtirsae need not collect interest on or principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its -
option to trsmfer at any time to itself or to its nominee any Collateral and to receive 1M irteorrw thereon and hold same as security henfor, a apply it on the
principal Or intergtt due hereon or dw Ore any liability secured hereby. .
Upon tiN isep~eniisg Oi arty of the fdlowing events, each of which shall constitute a default hereunder, or if the Bank deems itself insecure, the astire urysaid
baiattn cif MjertOp arrd eU other liaDilit~aa Q{,eedt Maker to Bank shell thereupon a thereafter, at-the pption-of Bank, without notice a demand, become imnss- -
diately ~uulifsd~lyabh: Vii! failw* ofirly Oblipo?.tpp(1•form~sy egreefttMt httrettrsd~r or w pay ii luN, when due, any liability whatsoever, to Bank or any in-
scalmertt dsereot or interaat tfsenott; WI-tht.death Of idfl Q41i0or; W tM fdeiyofaay petition urWer the Eiankruptoll.Aet: a #AY sinlifer.fedarel or~si4ab salute,
by or ageintt any Obligor; id1 sn application foe -tile appointment of s reaiwr for, the making of a gegp?sl asiioamettt for the -of-ueditors #iy; or tM '
insolvency of any Obligor; lei the entry of a judgment against any Obligor; U) the issuing of any sttad?meriti or garnishment, bj the
filing of any CNn, agairsst -
sny property of• any Obligor; lg1 the taking of possession of any substantial part of the property of arty Obligor at the instance of any governmental authority;
chi tM diaolution, merger, ooraolidatiofs, or reorpsnization of any Obligor' lil the determination by Bank that a material adverse change has ooarrred in the
financial condition of any Obligor froryr tlte.oolft{itiprr->~,f ,is~ .fi - yl ftsplnen; of such Qpligor heretofore fu_?nahad to Bank, or from
the condition of such Obliges ss heretofore most tet>.nt1Y .~r1f4~~j9~-7~Ar a~+y vwrrantyt?ePrrJy!statiptt.- satement of any
Obligor (whether contained in this note or not) pertaining to or in bortnetl' Invith t: nbtl't of'tlie loan-evidenced by this note h~not' -thg assignment by
zny Makes of any equity in any of the Collateral without tM written consent of Bank; Ikl failure to do all things necessary to preserve end maintain the valor
and coll.ctn'bility of tM Cdlateral, including, but not limited to, the payment of taxes and premiums on policies of insurance on the due date without benefit of '
the gray period,
Unless the Collateral is perishable or threatens to decline speedily in valor or is of a type customarily sold on a recognized market, Bank will give Maker rea-
sonable notice of the time end puce of any public sale thereof w of the time after which s privete.sale will be held. The requirement of ressorsabkt noYrp shall -
be met it loch nsotioe is nailed, postage prepaid, to any Maker at the address given below or at any other address shown on the records of the Bank, at least ten
days before Ithe time•of the sale. Upon disposition of any Collateral aher the occurrence of any default hereunder, Obligors shall be and remain liable for any
deficiency; and Beek shall account to Maker for any surplus, but Bsnk shall have the right to apply ell or any part of such surplus (or to hold the same as a
reserve) sgeinst any:snd all other liabilities of each or any Maker to Bank. i
Bank shag Mvs, but shall not be limited to, tM following rights, each of vvhids may be exercised at any time vc~iether or not this rate is dw: (al to pledge
or trartsflr Mee note and the Collateral, whereupon Bank shall be relieyalf of all duties and responsibilities fseretsrtder and relieved from any and all debility with
respect any CoNsupa~so islet-Igsd or traruferred,~ any or ~ansferee shall for I purposes~tand`iA the:•placa of Banl~ hereunder d hav0
rigfiti MBank h„~ra}pvgR; ib). iQ truster ddyyss whole or•any of the Collateral into else of; itself or ~ nominee; icl to nott~-Nees Obl~
eras to make payment to Bank bf ally artalrnts dw or to become dw thereon; (d) to demand, sue for, edkict, or make any compromise a settNment it deems
desirable wiM referersoe to tM Colbteral; and lei to take possession or control of any proceeds of Cdlaaral.
' NO delay- or oRtieeien on the pert of Bank in exercairg airy right hereunder shall operas as s vwiver of such right or of any other right under Mis note. No
waives or alteration llseN ba Wnding on Bank unkess in a writing signed by an authorized Bank offipr, and then only to the extent specifiplfy set fortfdr therein. ~
Presentment, derrwd, protest and notice of dishonor, are herby waived by each and every Oblgor. The tacirg of a renewal note wihuout Me signature of erry , ;
maker or ertdOner liable on this note shall not be dsenad a payment or discharge of Mis obligation end Una liability created hereunder shall oontinw until this
notes peed in full.llis DWigors, jointly and severally, promise and agree to pay ell costs of collection,. ktcetsdrrsE attorneys' fees equal to 1Q% of the amount
financed, o~ such krryer amounts as may be reasonable and just if collected by legal proceedings or through.sn attorney st Law, including appellate p?opedirgt.
. TM undersgrssd aekrsovrledge receipt o completed copy of this note on Misdate.
Address_~2 ~~i ~S ~~L^_-_ T~ ~ (SEAL)
Address -.~`s~-r>`~~~ a' (SEAL)
f ' ~ ~ ~ r